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Q. Medical instrumentation labs produce a "diagnostic emergency pac" in lots of 120 units. the production lead time is 3 weeks and the firm carries a safety stock of 30 units. Demand is forecast at 40 units per week. The firm currently has an end of period inventory on hand of 90 units and a scheduled receipt of 120 units is due in week.
a) Compute the order point
b) depict the use requirements in a time phased order point format for a 10 week period
c) during illustrate what weeks do the order points occur
d) evaluate this plan for cost effectiveness
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